Inspire Investing LLC Purchases New Stake in Expro Group Holdings N.V. $XPRO

Key Points

• Inspire Investing LLC acquired 88,800 shares of Expro Group Holdings N.V., valued at approximately $763,000, marking a new stake for the firm in the energy services company.
• Expro Group reported earnings of $0.16 per share for the last quarter, exceeding analyst estimates of $0.12, along with a revenue of $422.74 million.
• Analysts have set a consensus price target of $12.50 for Expro Group, with investment ratings varying from "Buy" to "Hold" among different firms.

Inspire Investing LLC bought a new position in shares of Expro Group Holdings N.V. (NYSE:XPRO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 88,800 shares of the company's stock, valued at approximately $763,000. Inspire Investing LLC owned about 0.08% of Expro Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in shares of Expro Group by 4.3% in the first quarter. Gamco Investors INC. ET AL now owns 36,015 shares of the company's stock valued at $358,000 after buying an additional 1,500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Expro Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,285 shares of the company's stock valued at $559,000 after purchasing an additional 2,463 shares during the period. Pinnacle Holdings LLC boosted its holdings in Expro Group by 3.7% in the first quarter. Pinnacle Holdings LLC now owns 69,799 shares of the company's stock valued at $694,000 after purchasing an additional 2,520 shares during the period. Victory Capital Management Inc. lifted its holdings in Expro Group by 0.8% during the 1st quarter. Victory Capital Management Inc. now owns 507,804 shares of the company's stock worth $5,048,000 after buying an additional 3,862 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Expro Group by 18.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,663 shares of the company's stock worth $295,000 after buying an additional 4,573 shares during the last quarter. Institutional investors and hedge funds own 92.07% of the company's stock.

Expro Group Trading Down 5.3%

Shares of Expro Group stock opened at $12.04 on Monday. Expro Group Holdings N.V. has a fifty-two week low of $6.70 and a fifty-two week high of $17.91. The firm has a market cap of $1.39 billion, a PE ratio of 19.74 and a beta of 1.11. The business's fifty day moving average is $11.89 and its two-hundred day moving average is $9.82. The company has a quick ratio of 1.78, a current ratio of 2.14 and a debt-to-equity ratio of 0.09.

Expro Group (NYSE:XPRO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.04. The company had revenue of $422.74 million for the quarter, compared to analyst estimates of $408.04 million. Expro Group had a return on equity of 6.43% and a net margin of 4.26%. Expro Group has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts anticipate that Expro Group Holdings N.V. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Pickering Energy Partners assumed coverage on Expro Group in a report on Monday, July 28th. They issued an "outperform" rating for the company. Piper Sandler boosted their price target on Expro Group from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Barclays boosted their target price on Expro Group from $12.00 to $15.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Expro Group in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.50.

Expro Group Company Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.

Want to see what other hedge funds are holding XPRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expro Group Holdings N.V. (NYSE:XPRO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.